Automotive Radar Chipset Market Revenue was valued at USD 2.5 Billion in 2024 and is estimated to reach USD 7.1 Billion by 2033, growing at a CAGR of 15.4% from 2026 to 2033.
The South Korea Automotive Radar Chipset Market is experiencing substantial growth, driven by the increasing demand for advanced driver-assistance systems (ADAS) and autonomous vehicles. Automotive radar chipsets, integral to ADAS, provide crucial features like collision avoidance, adaptive cruise control, and lane-keeping assistance. The demand for these chipsets is anticipated to rise significantly in the coming years due to their ability to enhance vehicle safety and performance.
The automotive radar chipset market in South Korea is primarily fueled by the growing adoption of electric vehicles (EVs) and the push for safer transportation technologies. These chipsets are a vital component in the development of radar systems that improve a vehicle’s ability to detect objects and obstacles in real time. With South Korea being home to leading automotive giants like Hyundai and Kia, the country is at the forefront of innovations in automotive radar technology, which is reflected in the strong demand for advanced radar chipsets.
In terms of market types, South Korea’s automotive radar chipset sector can be segmented into various categories based on frequency bands such as 24 GHz, 77 GHz, and others. Among these, the 77 GHz frequency band is gaining popularity due to its longer range and high-resolution capabilities. These chipsets are primarily used in applications such as adaptive cruise control, collision detection, and blind-spot monitoring.
Industries across South Korea are increasingly focusing on integrating these chipsets into their vehicle models to meet the regulatory requirements for safety and sustainability. Additionally, the push towards autonomous driving is another driving force behind the demand for automotive radar chipsets. These chipsets enable vehicles to perceive their environment accurately, ensuring that autonomous systems function effectively in complex driving scenarios.
The growth of South Korea’s automotive radar chipset market is not only due to technological advancements but also because of the evolving needs of industries aiming to meet consumer demands for safer, smarter, and more energy-efficient vehicles. The country’s automotive sector is rapidly expanding its reliance on radar chipsets as part of a broader move toward integrated, intelligent vehicle systems.
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Infineon Technologies
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Automotive Radar Chipset Market
FMCW (Frequency Modulated Continuous Wave)
Pulse Radar
Short-Range Radar
Long-Range Radar
Adaptive Cruise Control (ACC)
Collision Avoidance Systems
Blind Spot Detection
Parking Assistance
Autonomous Driving
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Hybrid Vehicles
Short Range (up to 30 meters)
Medium Range (30 to 150 meters)
Long Range (150 meters and above)
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Fleet Operators
Ride-Sharing Services
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive Radar Chipset Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Automotive Radar Chipset Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive Radar Chipset Market, By Type
6. South Korea Automotive Radar Chipset Market, By Application
7. South Korea Automotive Radar Chipset Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive Radar Chipset Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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